What makes life insurance cheap or expensive? There are a number factors that insurers consider and while some of them are fairly intuitive, some are factors you might not think about. For instance, it’s probably no surprise that smoking raises your life insurance premiums, but did you know that your driving record can affect your health insurance? Basically, the thought is that if you routinely flout traffic laws, you are more likely to be in a traffic accident.
Many of the things that influence your life insurance premium are health-related. For instance, if you have high blood pressure — which can be evidence of cardiovascular disease — or diabetes, your rates might go up. If you have a history of cancer, even if you’re currently cancer-free, you can expect to see an increase in rates. Obesity, high cholesterol, and asthma can all affect your rates as well. There are even some mental health issues, such as a history of depression, which can cause you to have a higher premium.
For more information about life insurance in Texas, contact Gant Insurance Agency conveniently located in McKinney.